Is Golden Heaven Group Holdings Ltd (NASDAQ: GDHG) A Good Investment For New Investors Now?

Golden Heaven Group Holdings Ltd (NASDAQ:GDHG) shares, rose in value, with the stock price down by -8.00% to the previous day’s close as strong demand from buyers drove the stock to $0.41.

Actively observing the price movement in the last trading, the stock closed the session at $0.45. The PE ratio was 3.15 over 12-month period. Referring to stock’s 52-week performance, its high was $24.99, and the low was $0.41. On the whole, GDHG has fluctuated by -15.85% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GDHG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GDHG currently trading nearly -12.98% and -18.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.22, while the 7-day volatility ratio is showing 8.44% which for the 30-day chart, stands at 9.14%. Furthermore, Golden Heaven Group Holdings Ltd (GDHG)’s beta value is -6.15, and its average true range (ATR) is 0.06.

Data on historical trading for Golden Heaven Group Holdings Ltd (NASDAQ:GDHG) indicates that the trading volumes over the past 10 days have averaged 1.62 million and over the past 3 months, they’ve averaged 1.97 million. According to company’s latest data on outstanding shares, there are 51.75 million shares outstanding.

Nearly 81.74% of Golden Heaven Group Holdings Ltd’s shares belong to company insiders and institutional investors own 0.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.66 million shares as on Mar 15, 2024, resulting in a short ratio of 0.18. According to the data, the short interest in Golden Heaven Group Holdings Ltd (GDHG) stood at 1.27% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.55 million. The stock has fallen by -43.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GDHG stock heading into the next quarter.